Rail Vikas Nigam Ltd (RVNL) attracted investor attention on Thursday following the announcement of a new order win. The state-owned company revealed that it had received a letter of acceptance from South Western Railway for an engineering, procurement, and construction (EPC) contract valued at Rs 156.36 crore, including applicable taxes.
In the previous trading session, RVNL shares closed 0.37% higher at Rs 337.40 on the Bombay Stock Exchange (BSE), bringing the company's market capitalization to Rs 70,348 crore. Over the past year, RVNL's stock has shown high volatility, with a one-year beta of 1.6.
Technically, the relative strength index (RSI) for RVNL stands at 39.6, indicating that the stock is neither in the overbought nor oversold zone. Shares are currently trading below various moving averages across multiple timeframes, from 5 days to 200 days.
The project involved in this new order includes the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification (OHE) and power supply installation (PSI) system. It also covers electrical general services, engineering, and telecommunication works for the Rayadurga-Topavagada section of the TK-RDG railway line. The completion of the project is expected within 18 months.
RVNL is an executing arm of Indian Railways, handling projects on behalf of the ministry, from conceptualization through to commissioning. The company operates on a turnkey basis, managing all phases of project development, including design, estimate preparation, contract management, and execution.
